BP is looking to raise $78.26 million to $110 million through a sale of yuan-denominated bonds, The Wall Street Journal reports. The senior unsecured Reg S bonds will mature in 2014.
HSBC Holdings and Standard Chartered are lead arrangers of the offering. The notes will be issued by BP Capital Markets, a wholly owned unit of the U.K. oil company.
Click here for the story from The Wall Street Journal.